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Singapore
Posts: 1 since Aug 2019
Thanks Given: 23
Thanks Received: 0
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Hi Twoodman, here's the script. (Removed the hash sign at the bottom of the script if wanna get the price color same as the study)
declare lower;
input sensitivity = 150; #"Sensitivity"
input fastLength = 20; #"FastEMA Length"
input slowLength = 40; #"SlowEMA Length"
input channelLength = 20; #"BB Channel Length"
input mult = 2.0; #"BB Stdev Multiplier"
#input deadZone = 20; #"No trade zone threshold"
script calc_macd{
input source = close;
input fastLength = 20;
input slowLength = 40;
def fastMA = movAvgExponential(source, fastLength);
def slowMA = movAvgExponential(source, slowLength);
plot out = fastMA - slowMA;
}
script calc_BBUpper{
input source = close;
input length = 20;
input mult = 2.0;
def basis = simpleMovingAvg(source, length);
def dev = mult * stdev(source, length);
plot out = basis + dev;
}
script calc_BBLower{
input source = close;
input length = 20;
input mult = 2.0;
def basis = simpleMovingAvg(source, length);
def dev = mult * stdev(source, length);
plot out = basis - dev;
}
def t1 = (calc_macd(close, fastLength, slowLength) - calc_macd(close[1],
fastLength, slowLength)) * sensitivity;
def t2 = (calc_macd(close[2], fastLength, slowLength) -
calc_macd(close[3], fastLength, slowLength)) * sensitivity;
def e1 = (calc_BBUpper(close, channelLength, mult) - calc_BBLower(close,
channelLength, mult));
#//
def e2 = (calc_BBUpper(close[1], channelLength, mult) - calc_BBLower(close[1], channelLength, mult));
def trendUp = if t1 >= 0 then t1 else 0;
def trendDown = if t1 < 0 then (-1 * t1) else 0;
plot tUp = trendUp; #"UpTrend"
tUp.setpaintingStrategy(paintingStrategy.HISTOGRAM);
tUp.assignValueColor(if trendUp < trendUp[1] then color.white else
color.green);
tUp.setLineWeight(5);
plot tDn = trendDown; #"DownTrend"
tDn.setpaintingStrategy(paintingStrategy.HISTOGRAM);
tDn.assignValueColor(if trendDown < trendDown[1] then color.orange else
color.red);
tDn.setLineWeight(5);
plot ex = e1; #"ExplosionLine"
ex.setdefaultColor(createColor(160, 82, 45));
ex.hideTitle();
#plot xLine = deadZone; #"DeadZoneLine"
#xLine.setdefaultColor(color.blue);
#AssignPriceColor(if trendUp < trendUp[1] then Color.WHITE else if trendUp > trendUp[1] then Color.GREEN else if trendDown > trendDown[1] then Color.red else if trendDown < trendDown[1] then Color.ORANGE else color.CURRENT);
WAE
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